Ford leads $24M investment in India-based vehicle rental company Zoomcar

 Hot on the heels of a deal with a self-driving sensor technology startup this month, the automotive giant has backed Zoomcar, a Zipcar-like company that operates in India. Subsidiary Ford Smart Mobility led a $24 million Series B round for Zoomcar, with participation from returning investors Sequoia Capital, Nokia Growth Partners (NGP) and Empire Angels. Read More